Tax & Spend
Italy’s Rating Upgraded by S&P in Another Win for Meloni
The decision is another win in Premier Giorgia Meloni’s push to rehabilitate Italy after several years when it was often seen as the weakest link in the euro zone.
Photographer: Simon Wohlfahrt/BloombergThis article is for subscribers only.
Italy’s rating was upgraded by S&P Global Ratings — the third such plaudit from credit assessors anticipating improvements in the country’s public finances.
The company raised the euro zone’s third-biggest economy to BBB+, three notches above junk, from BBB, according to a statement issued Friday. The outlook is stable.